Danaher Corporation designs, manufactures, and markets professional, medical, research, and industrial products and services in the United States, China, and internationally. The company operates through Biotechnology, Life Sciences, and Diagnostics segments.
$207.66
▼ -$3.37 (-1.60%)Today
Open
$207.19
High
$208.70
Low
$205.23
Volume
2.9M
$160.9352-Week Range$242.80
Current: $207.66 · Mid Range
MARKET CAP
$146.0B
P/E (TTM)
37.0x
P/B RATIO
2.8x
ROE
7.6%
EPS (TTM)▲ 5.5% Rev YoY
$5.61
DIVIDEND YIELD
0.77%
BETA
0.81
Market-correlated
Company Info
Industry
Diagnostics & Research
Country
United States
Leadership
MS
Mr. Steven M. Rales
Chief Executive Officer
Stock Score
Best Value25/ 100
Val
38
Grw
14
Qly
21
Value 40%·Growth 35%·Quality 25%
Price History
$207.66▲ $9.03 (4.55%)
Overlays
Oscillators
Generating analysis...
01 / Income Statement
Income Statement
Revenue & Margin Trend
| Period | Revenue | OpEx | EBITDA | Net Income | EPS |
|---|---|---|---|---|---|
| 2022 | $26.64B | $8.65B | $9.48B | $7.21B | $9.66 |
| 2023 | $23.89B▼ | $8.83B | $7.50B | $4.76B▼ | $6.38 |
| 2024 | $23.88B▼ | $9.34B | $7.28B | $3.90B▼ | $5.29 |
| 2025 | $24.57B▲ | $9.83B | $6.95B | $3.61B▼ | $5.05 |
02 / Balance Sheet
Balance Sheet
Cash & Equivalents
$4.62B
Total Debt
$19.70B
Assets Distribution
Current Assets
Non-Current Assets
Liabilities & Equity
Current Liabilities
Non-Current Liabilities
Equity
03 / Cash Flow
Cash Flow
Positive free cash flow of $5.3B — 82% of operating cash flow.
Operating CF
$6.4B
Free Cash Flow
$5.3B
Investing CF
-$1.2B
Financing CF
-$3B
Cash Flow Mix
Operating Cash$6.4B
Investing Cash-$1.2B
Financing Cash-$3B
Net Change$2.3B
FCF Generation
The company converts 82% of operating cash flow into free cash flow, providing ample flexibility for capital allocation.
CapEx Burden
Capital expenditures consume $1.2B of operating cash. Monitor for maintenance vs. growth CapEx split.
Is the cash flow sustainable?
Positive Free Cash Flow
The company has flexibility for dividends, buybacks, debt reduction, or reinvestment in growth opportunities.
04 / Financial Ratios
Financial Ratios
Profitability
Gross Margin
59.1%
Gross Profit / Revenue
Operating Margin
19.1%
Op. Income / Revenue
Net Margin
14.7%
Net Income / Revenue
ROIC
5.0%
Return on Invested Capital
Liquidity & Leverage
Current Ratio
1.87x
Current Assets / Current Liab.
Cash Ratio
0.68x
Cash / Current Liab.
Debt-to-Equity
0.37
Total Debt / Equity
Asset Turnover
0.29
Revenue / Total Assets
Returns
ROE
7.6%
Return on Equity
ROA
3.9%
Return on Assets
EPS (TTM)
$5.61
Earnings Per Share
06 / Historical Trends
Historical Trends
Revenue
-2.7% CAGRNet Income
-20.6% CAGREPS
-19.4% CAGR05 / Dividends
Dividends & Yield
Dividend Yield
0.77%
Annual
Annual Dividend
$1.60
Per Share
Payout Ratio
28.5%
Div / EPS
Est. Div Growth
+2.2%
Approx. YoY
Dividend Safety Assessment
The payout ratio of 29% suggests ample room for dividend growth and sustainability. The company retains over half of its earnings for reinvestment.
Recent Dividend Payments
| Date | Amount |
|---|---|
| 2026-06-26 | $0.40 |
| 2026-03-27 | $0.40 |
| 2025-12-26 | $0.32 |
| 2025-09-26 | $0.32 |
| 2025-06-27 | $0.32 |
| 2025-03-28 | $0.32 |
| 2024-12-27 | $0.27 |
| 2024-09-27 | $0.27 |
| 2024-06-28 | $0.27 |
| 2024-03-27 | $0.27 |
Institutional Ownership
Moderate Institutional Support
Top 3 institutional holders control 17.9% of shares, providing a stable foundation of institutional capital.
Retail Influence
Lower institutional concentration means retail sentiment and broader market trends may drive price action more noticeably.
Top Institutional Holders
Blackrock Inc.7.84%
55.08M shares
Vanguard Capital Management LLC5.89%
41.38M shares
FMR, LLC4.20%
29.54M shares
State Street Corporation4.05%
28.46M shares
Wellington Management Group, LLP2.32%
16.32M shares
Top ETFs Holding
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund2.88%
20.22M shares
VANGUARD INDEX FUNDS-Vanguard 500 Index Fund2.32%
16.32M shares
iShares Trust-iShares Core S&P 500 ETF1.23%
8.66M shares
Fidelity Concord Street Trust-Fidelity 500 Index Fund1.16%
8.15M shares
SPDR S&P 500 ETF TRUST-State Street SPDR S&P 500 ETF Trust1.09%
7.63M shares
07 / Market Events
Market Events
Upcoming Earnings
OCT
20TUE
DateOct 20, 2026
DayTuesday
Revenue Est.$6.6B
EPS Est.$1.92
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2023-10-02 | Forward | 1128:1000 |
| 2016-07-05 | Forward | 1319:1000 |
| 2010-06-14 | Forward | 2:1 |
| 2004-05-21 | Forward | 2:1 |
| 1998-06-01 | Forward | 2:1 |
08 / Market Intelligence
Market Intelligence
Analyst Consensus
Consensus (26 Ratings)
Strong Buy
Strong Buy
5
Buy
17
Hold
4
Sell
0
Strong Sell
0
Recent Insider Trades
BLAIR RAINER M
Chief Executive Officer
Sale
58,255 shs
RILEY CHRISTOPHER PAUL
Officer
Sale
41,072 shs
GUTIERREZ-RAMOS JOSE-CARLOS
Officer
Sale
13,477 shs
MILOSEVICH GREGORY M
Officer
Sale
15,402 shs
Price Targets
Upside to Mean+10.3%
$195$229$310
Low
$195.00
Mean
$229.09
Median
$230.00
High
$310.00
Earnings History
Beat Rate
4/4
Avg Surprise
+5.9%
| Period | Est. EPS | Act. EPS | Surprise |
|---|---|---|---|
| 2025-09 | $1.72 | $1.89 | +9.8% |
| 2025-12 | $2.19 | $2.23 | +2.0% |
| 2026-03 | $1.94 | $2.06 | +6.5% |
| 2026-06 | $1.84 | $1.94 | +5.3% |